Salem Community Foundation Inc

Analysis

Salem Community Foundation Inc is a registered charity in United States, based in Salem, OH. It received its IRS tax-exemption ruling in July 1966, 60 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salem Community Foundation Inc reported income of $5.0m and spending of $2.5m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $5.0m (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Salem Community Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Childrens Initiative ($5.0m), The Education Foundation of Collier County Inc ($5.0m) and Childrens Legal Services of San Diego ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. Other salaries and wages came to $52k. At year end it held assets of $41.6m against liabilities of $991, net assets of $41.6m. It reported 2 employees.